Buyer intent
Buying a vacant life annuity in Luxembourg
Buying a vacant life annuity gives you immediate use of the property: no right of use, no occupant. You can live in it or rent it out from signing, while paying the price partly upfront and the balance as a life annuity.
The process
How the purchase works
Four steps structure the acquisition, from selecting the property to monitoring the annuity. With no occupancy, you gain use of the property from the deed.
Choosing the property
You select a property free of any occupancy, immediately habitable or rentable, according to your residence or investment project.
Reviewing the terms
The price breaks down into a lump sum paid upfront and a monthly annuity capitalised over the seller's life expectancy. With no occupancy, the occupancy discount does not apply.
Preliminary contract and deed
A preliminary agreement sets the terms, then the authentic deed is signed before the notary. Ownership and use transfer to you from signing.
Monitoring the annuity
You pay the agreed, index-linked annuity until its term. You use the property freely: personal occupancy or letting.
What you pay
Structure of a typical purchase
Indicative example for a property of around €900,000, seller aged 70 to 75. The amounts are calculated by our estimation engine, without occupancy discount: the property is vacant from signature.
Indicative estimate, not contractually binding — calculated without occupancy discount (vacant property), excluding deed costs and taxation.
- Market value of the property
- 900,000 €
- Seller's age
- 70 to 75 years
- Lump sum at signing
- 315,000 €
- Monthly annuity
- 3,680 – 4,320 €/month
The lump sum is paid upfront; the annuity is paid monthly until its term.
The advantages
What you gain
Immediate use
The property is free from signing: you have full enjoyment of it without waiting.
Live in it or let it
You choose to make it your residence or to let it out to earn an income.
Staggered financing
The annuity spreads payment of the balance over time, alongside or instead of a loan.
No occupancy uncertainty
No right of use encumbers the property: resale and management are those of a standard asset.
Points to watch
What to weigh up
Less discounted price
Without occupancy, no discount applies: the lump sum and annuity are higher than in an occupied life annuity.
Annuity due regardless
The annuity remains due until its term, even if the property stays vacant or between tenants.
A rarer market
Properties offered as vacant life annuities are fewer: supply is narrower than for occupied annuities.
Frequently asked questions
Buyers' questions
Can I live in the property from purchase?
Yes. In a vacant life annuity, no right of use encumbers the property: you have it at your disposal from signing the deed, to live in or to let.
Why is the price higher than for an occupied annuity?
Because the occupancy discount does not apply. You are buying an immediately available property: the lump sum and annuity are therefore calculated on the vacant value, with no occupancy allowance.
Must I pay the annuity if the property stays vacant?
Yes. The annuity is a lifelong payment obligation recorded in the deed, independent of how you use the property or whether it is let.
Is a vacant life annuity rarer?
Yes. Most sellers wish to remain in their home, which makes the occupied life annuity more common. Vacant properties are therefore less frequent on the market.
Go further
Understand and compare
Understand the vacant life annuity
The mechanism, the annuity and use of the property.
Life annuity scale
Annuity coefficients and discount by age.
Life annuity properties
The properties currently available to buy.
Buy an occupied life annuity
The alternative at a discounted price, without rental management.
Ready to look into a purchase?
Browse the available properties or speak with an advisor to frame your acquisition project.